Senior Market Risk Analyst
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Overview
Remote
On-site
Compensation
$84-$89/hour
Job Description
Global Financial Firm located in Jersey City, NJ has an immediate contract opportunity for an experienced Senior Market Risk AnalystWork Mode: HybridPay Rate Range: $ 84.00 - $ 89.00 Negotiable based upon years of experience
Responsibilities:
- Manage and refine market risk platforms to ensure robust performance, data quality, and scalability.
- Utilize advanced programming skills (Python, SQL) to automate manual processes and build new risk analytics tools.
- Compute, analyze, and validate market risk metrics (Value-at-Risk, Stress Tests, Scenario Analysis) for various asset classes.
- Act as a data steward to define data quality expectations, validate data integrity, and lead remediation efforts for data risks.
- Lead the design, development, and implementation of high-performance, scalable market risk systems.
- Collaborate with Front Office, Risk Managers, and Technology partners to define and enforce risk limits, providing actionable insights on volatility and hedging strategies.
- Lead User Acceptance Testing (UAT) for system upgrades, regulatory compliance changes (e.g., FRTB), and new product onboarding.
- Collaborate closely with Risk Managers, Quants, Front Office traders, and technology teams to ensure risk systems meet business needs.
- Streamline existing risk reporting processes through automation.
- Guide junior developers and analysts, fostering technical growth within the squad.
Requirements:
- Minimum 10 years of experience in market risk management, quantitative risk analytics, or front-office technology within a financial services institution.
- Demonstrated track record of leading complex, cross-functional technology programs in a risk or trading environment.
- Hands-on experience with the full software development lifecycle (SDLC) in a risk technology context.
- Deep understanding of financial products across asset classes: Equities, Fixed Income, Foreign Exchange, Commodities, and Derivatives.
- Strong command of market risk methodologies: VaR (Historical, Monte Carlo, Parametric), Expected Shortfall (ES), Greeks, Stress Testing, and Scenario Analysis.
- Solid knowledge of regulatory frameworks: FRTB, Basel III/IV, CCAR, ICAAP, and applicable local regulatory requirements.
- Advanced proficiency in Python for data analysis and automation scripting.
- Advanced SQL skills for complex query writing and data modeling.
- Bachelor’s degree in Computer Engineering, Finance, Mathematics, or a related quantitative field. Master’s degree preferred.
Preferred Skills:
- Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are a strong advantage.
- Experience with visualization tools like Power BI, Tableau, or equivalent BI tools for risk reporting dashboards.
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FAQs About Senior Market Risk Analyst Jobs at Axelon
What is the work location for this position at Axelon?
This job at Axelon is located in Jersey City, NJ, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Axelon?
Candidates can expect a pay range of $84–$89 per hour for this role.
What employment applies to this position at Axelon?
The employer has not provided this information. This may be discussed during the hiring process.
What is the process to apply for this position at Axelon?
You can apply for this role at Axelon either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.